Egypt's Cabinet has ratified a USD 500 mn (EGP 8 bn) extension to a World Bank (WB) facility, as part of a program to improve access to low-income housing and bolster the state’s Social Housing and Mortgage Finance Fund (SHMFF).
Misr Italia Properties (MIP) has uncovered posting EGP 200 mn in sales of Allure Executive Offices - the latest addition to its integrated administrative complex, or Cairo Business Park - within its first 48 hours of launching.
The New Urban Communities Authority (NUCA) began the offering of about 2,351 land plots in more than 14 new cities for online reservations on July 28.
International real estate consultancy firm Savills has been appointed to offer property management and agency services for west Cairo's Ivory Business Park (IBP), which is set to launch mid-2021.
The Administrative Capital for Urban Development (ACUD) has selected Benha Electronics and Suntech Egypt to build phase I of solar power systems on some public buildings in the New Administrative Capital (NAC), at an investment cost of EGP 140 mn.
Egypt's Ministry of Housing has agreed to cede control of the Arab Academy for Science and Technology (AAST) branch in New Alamein, including the land and building components.
Al Ahly Sabbour Development has successfully delivered 362 residences in its North Coast flagship project, or "Amwaj," bidding to handover 577 others before year-end, as part of the fourth phase.
Cairo Festival City Mall (CFCM) and Premium Card have partnered to create a new joint venture to offer the center's shoppers an innovative payment-on-installment program, with zero interest, which is set to kick off in mid-August.
The European Bank for Reconstruction and Development (EBRD) will back the New Urban Communities Authority’s (NUCA) latest EGP 10 bn securitized bond issuance with EGP 1.5 bn investment.
Invest-Gate presents the expert-based recommendations derived from its prolific #DigitalWeek, after concluding its first-of-its-kind online conference on July 22, laying out the ins-and-outs of Egypt's real estate scene as digital technologies become the market’s new hot trend.
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